Small Cap Engineering Stock Sets Record Date For Dividend, Rises 111% In 3-Yrs

Board of small cap engineering sector company, Veljan Denison on Thursday fixed September 22, 2023 as the record date for dividend, if approved by the members in the AGM scheduled to take place on the same day. Veljan Denison shares declined by 0.40% on BSE today with current market price quoted at Rs 1782.50 per share. Veljan Denison shares gained 42% in last 6-months and soared 111% in last 3-years. Check details below:

Veljan Denison Fixes Record Date For Dividend: According to the BSE filing of the company dated September 14, 2023, "In continuation of our submission dated September 6, 2023 and pursuant to Regulations 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and section 91 of the Companies Act, 2013, we wish to inform you that: 2. The record date for the purpose of payment of Dividend, if approved by the members in the ensuing AGM is 22nd September, 2023.

The Register of Members and Share transfer Books will remain closed from 23rd September, 2023 to 29th September, 2023 (both days inclusive) for the purpose of 49th Annual General Meeting of the Company as well as the payment of Dividend.

Veljan Denison Stock Performance & Return: Current market price of Veljan Denison share is Rs 1782.50 per share with intraday fall of 0.40%. Its 52-week high price is Rs 1950 per share and 52-week low price is Rs 1106.00 per share, respectively. The small cap company has a market capitalisation of Rs 401.06 crore. Veljan Denison shares offered shareholders return of 42% YTD, soared 24% in last 1-year, rallied 59% in last 2-years, and rose 98% in last 5-years.

Veljan Denison Financials: The company reported its net sales at Rs 28.27 crore for the June 2023 quarter, up 0.17% as against Rs 28.22 crore announced in the corresponding quarter of last fiscal. Meanwhile, the quarterly net profit declared at Rs 5.18 crore in June 2023, up 13.83% as against Rs 4.55 crore announced in the corresponding quarter of last year.

Veljan Denison About: Veljan Denison Limited formerly Denison Hydraulics India Limited is an India-based company. The company is engaged in the business of manufacturing engineered fluid power components products and systems. Veljan is a pioneer Hydraulics and Pneumatics company in India and a leader in its own right.

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